Question

What sum of money will produce the same compound interest in 2 years at 5% per annum as ? 943 produces
in 10 years at 5% rate of simple interest?​

Answer 1

Rate = 5%. Therefore, Rs 4600 will produce the same compound intrest in 2 years at 5%per annum as Rs 943 produces in 10 years at 5%rate of simple interest